romans holiday Posted September 26, 2008 Report Share Posted September 26, 2008 What if.....they let the stock market crash today. When it hits 1000pts down, they'll reduce interest rates to zero, go back to congress and ask again. Of course, this is a fantasy scenario! Hang on to your hat.... should I say, your gold... anything could happen. Link to comment Share on other sites More sharing options...
njpurser Posted September 26, 2008 Report Share Posted September 26, 2008 What if.....they let the stock market crash today. When it hits 1000pts down, they'll reduce interest rates to zero, go back to congress and ask again. Of course, this is a fantasy scenario! Actually sounds like a negotiating strategy.. along with WaMu going to the wall, Ambac going down etc. Nick Link to comment Share on other sites More sharing options...
romans holiday Posted September 26, 2008 Report Share Posted September 26, 2008 I mean, what exactly do the investors invest in right now..........apart from pm's & things you can eat or hold. Is that a trick question GOM? Treasuries!... hmmm.. but maybe they are not "investments". Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted September 26, 2008 Report Share Posted September 26, 2008 I agree, and generally felt the bail out was a very distasteful but necessary step. But now its getting ridiculous... They're apparently now extending the plan to give money not only to Walt St but also to Main St. ........./.......... In short: Wake up America - there is no such thing as a free lunch! The US can't buy its way out of it debt mess without being realistic about where that bail out money is coming from, and what major downside there are in getting their hands on that money I think America might be waking up bigt Yesterday, I thought this was a done deal, but there are some very vocal members of congress now such as Paul, Kaptur and McCotter all making a stand. Maybe this is brinkmanship politics but I'm not so sure: my faith in the American political system has changed some what over the last week. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted September 26, 2008 Report Share Posted September 26, 2008 just supposing that this deal does not go through - I agree with others here that we are looking at some volatility in the pog for a short while but it's safe haven status should prevail. I will be quite happy to see the pog go down (albeit temporarily ) if it coincided with some of the sh1tbags that benefit from their own personal freebie toxic debt for cash exchange programme having to realize their losses (as well as many of their market fixing manipulative methods). Here's hoping. Link to comment Share on other sites More sharing options...
Dispassion Posted September 26, 2008 Report Share Posted September 26, 2008 just supposing that this deal does not go through - I agree with others here that we are looking at some volatility in the pog for a short while but it's safe haven status should prevail. I will be quite happy to see the pog go down (albeit temporarily ) if it coincided with some of the sh1tbags that benefit from their own personal freebie toxic debt for cash exchange programme having to realize their losses (as well as many of their market fixing manipulative methods). Here's hoping. It's too late for that, they've probably stashed many years of dispropotionate annual city bonuses in gold. The free markets determined that these were fair bonuses because they were seen to be very sucessfully performing critical roles in the economy. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 26, 2008 Report Share Posted September 26, 2008 D-Day has arrived! GS is only 627 contracts net short on TOCOM. We must be very close to a gold price explosion. They will probably want to get on the long side if they can but they have eliminated their exposure at least on the TOCOM. It is probably a matter of days, not weeks, months or years. Cheers Adrian Bill, ANOTHER NEW RECORD LOW GOLD SHORT POSITION IS ACHIEVED BY GOLDMAN SACHS ON TOCOM In the September 24 session on the TOCOM Goldman Sachs COVERED 405 short contracts and bought 704 long contracts to bring their long position to 1,889 contracts and their net short position to 627 contracts. YES, THAT IS SIX HUNDRED AND TWENTY SEVEN CONTRACTS NET SHORT! This is the lowest net short position that Goldman Sachs has ever held in the 33 months that I have been keeping data. Make no mistake about it THIS IS IT. We are within days of gold exploding. It is a time to forget about trading to make a few bucks and instead be properly positioned for lift off. http://goldismoney.info/forums/showpost.ph...postcount=19374 Link to comment Share on other sites More sharing options...
Dispassion Posted September 26, 2008 Report Share Posted September 26, 2008 D-Day has arrived! GS is only 627 contracts net short on TOCOM. We must be very close to a gold price explosion. They will probably want to get on the long side if they can but they have eliminated their exposure at least on the TOCOM. It is probably a matter of days, not weeks, months or years. Cheers Adrian Bill, ANOTHER NEW RECORD LOW GOLD SHORT POSITION IS ACHIEVED BY GOLDMAN SACHS ON TOCOM In the September 24 session on the TOCOM Goldman Sachs COVERED 405 short contracts and bought 704 long contracts to bring their long position to 1,889 contracts and their net short position to 627 contracts. YES, THAT IS SIX HUNDRED AND TWENTY SEVEN CONTRACTS NET SHORT! This is the lowest net short position that Goldman Sachs has ever held in the 33 months that I have been keeping data. Make no mistake about it THIS IS IT. We are within days of gold exploding. It is a time to forget about trading to make a few bucks and instead be properly positioned for lift off. http://goldismoney.info/forums/showpost.ph...postcount=19374 who's the actual source for this? Link to comment Share on other sites More sharing options...
romans holiday Posted September 26, 2008 Report Share Posted September 26, 2008 Rocket time? Link to comment Share on other sites More sharing options...
electroweak Posted September 26, 2008 Report Share Posted September 26, 2008 Rocket time? $912... wow Link to comment Share on other sites More sharing options...
romans holiday Posted September 26, 2008 Report Share Posted September 26, 2008 Wow... gold rocketing up... oil down.... everything else down.... gold coming into its own. Breakout. Link to comment Share on other sites More sharing options...
cgnao Posted September 26, 2008 Report Share Posted September 26, 2008 Breakout. http://www.youtube.com/watch?v=yXL9AkXzlt8 Link to comment Share on other sites More sharing options...
headmelter Posted September 26, 2008 Report Share Posted September 26, 2008 I like trains...!!! Link to comment Share on other sites More sharing options...
ologhai Posted September 26, 2008 Report Share Posted September 26, 2008 Solid rise against sterling. Link to comment Share on other sites More sharing options...
romans holiday Posted September 26, 2008 Report Share Posted September 26, 2008 $912... wow platinum down also... looks like gold is breaking away from the commodities. Good sign this. Link to comment Share on other sites More sharing options...
headmelter Posted September 26, 2008 Report Share Posted September 26, 2008 $912... wow $899 Link to comment Share on other sites More sharing options...
MattFC Posted September 26, 2008 Report Share Posted September 26, 2008 Has anyone else notice that goldmoney is not showing the current rates.. still stuck at $887, and not changing, makes me wonder whether they have some kind of manual spike checking routine Link to comment Share on other sites More sharing options...
Wigler Posted September 26, 2008 Report Share Posted September 26, 2008 Maybe Bush's speach is giving people some confidence this morning. ... don't know why... Link to comment Share on other sites More sharing options...
azazel Posted September 26, 2008 Report Share Posted September 26, 2008 http://www.youtube.com/watch?v=c7M1Se-p7uk Link to comment Share on other sites More sharing options...
ologhai Posted September 26, 2008 Report Share Posted September 26, 2008 And the DOW is climbing?! Link to comment Share on other sites More sharing options...
romans holiday Posted September 26, 2008 Report Share Posted September 26, 2008 Maybe Bush's speach is giving people some confidence this morning. ... don't know why... You mean confidence to buy gold? Link to comment Share on other sites More sharing options...
azazel Posted September 26, 2008 Report Share Posted September 26, 2008 Radio 2 neil young "heart of gold" or you tube http://www.youtube.com/watch?v=c7M1Se-p7uk Link to comment Share on other sites More sharing options...
romans holiday Posted September 26, 2008 Report Share Posted September 26, 2008 http://kr.youtube.com/watch?v=UppX6vP3c4g Piece of calm in turbulent times. Link to comment Share on other sites More sharing options...
cgnao Posted September 26, 2008 Report Share Posted September 26, 2008 London PM Fix above $900 again (last was 4th August) USD902.00 GBP488.492 EUR615.616 Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted September 26, 2008 Report Share Posted September 26, 2008 Piece of calm in turbulent times. don't forget to fight the fear Link to comment Share on other sites More sharing options...
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